META TRADER 4 USER GUIDE
Contents
1. how One 5 dite he in i Torte T8 147131 1477 140 Lays inmi Tiniti Tiai Tox LENS VELA B1 Beer 5 Expl 1 ORO omae enc Hmm META TRADER 4 USER GUIDE High Risk Trading Warning FX and CFDs trading entails significant risks and is not appropriate for all investors The possibility of incurring substantial losses should be taken into account It is therefore important to understand the possible consequences of investing Traders should weigh their earning potential against the risks involved and act accordingly Copyright This publication including all photographs illustrations and software is protected under international copyright laws with all rights reserved Neither this manual nor any of the material contained herein may be reproduced without prior written consent of the author Copyright 2015 C 7 Traders Disclaimer The information in this document is subject to change without notice C 7 Traders makes no representations or warranties with respect to the contents hereof and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose C 7 Traders reserves the right to revise this publication and to make changes from time to time in the content hereof without obligation of C 7 Traders to notify any person of such revision or changes2. button on the Charts toolbar Cr H N ult B G gt tlg E or press the Alt 3 key combination or use the Charts gt Line Chart menu sequence Bar Chart The chart is created with the use of bars Each bar has a high top a low bottom an opening price left horizontal little line and a closing price right horizontal little line for the specified period of time for example an hour USDIPY Weekly UISDJP Y Weekly 117 90 118 05 117 57 117 97 nigh Bis close 24 Jul 2005 21 4ug 2005 18 Sep 2005 16 Oct 2005 13 Now 2005 11 Dec 2005 The Market Watch Window It is recommended that you use this chart type for periods of 5 minutes or more In order to change the chart to a bar chart press the button the Charts toolbar or press the key combination or use the Charts gt Bar Chart menu sequence Candlesticks These charts are created in the same way as bar charts CHEI USDJPY H4 117 89 118 05 117 84 117 37 121 25 i 120 35 120 65 140 35 F 120 08 113 76 113 45 7 Dec 2005 8 Dec 04 00 8 Dec 20 00 9 Dec 12 00 12 Dec 04 00 12 Dec 20 00 Candlesticks charts were very popular in the 80 90s because of their clear graphics This method of technical analysis is based on the correlation between both closing and opening prices within the same trading day and the closing price of the previous session and the opening price of the
3. Order 2855616 buy limit 0 10 lot USDCHF at 1 2789 sl 0 0000 tp 0 0000 Modif 1250 2j 19 01 2006 20 11 2 E i 25 26 This page is intentionally left blank This page is intentionally left blank 27 Contact Us www c traders com Email info c7traders com C 7 Traders London Ltd T 44 20 8144 8737 27 Old Gloucester Street London F 44 20 3318 2803 WCIN 3AX C 7 Traders Singapore Pte Ltd T 65 6710 7337 100 Peck Sia Street 07 15 F 65 6710 7376 Downtown Oasia Hotel Singapore 079333
4. a level 15 pips higher or lower than the current price As a result the Stop Loss order becomes closer to the current price Important It is very important to note that no Stop Loss order will be placed until the market moves in your favor as mentioned above Therefore until this has happened to limit losses a separate Stop Loss would need to be placed manually 21 22 In order to place a trailing stop highlight the open position in the Trade tab of the Terminal window and right click to open the context menu 4 Order 40 points 45 points 5D points Custom Pending Order is an instruction to open a position when the current price reaches the order level There are four types of pending orders Buy Stop an order to open a Buy position at a price higher than the price at the moment of placing the order Sell Stop an order to open a Sell position at a price lower than the price at the moment of placing the order Buy Limit an order to open a Buy position at a lower price than the price at the moment of placing the order Sell Limit an order to open a Sell position at a price higher than the price at the moment of placing the order In order to enable the Order window right click on the Market Watch window or on the Trade tab of the Terminal window and select New order from the context menu or press the F9 button or use the
5. 32 bit Select best access point 5 cdn metaquotes net amp Download files nn 21592 Kb Our platform is valued not only for its convenience but also for a variety of services offered Subscribe to signals of successful traders download programs from the online store or the source code library hire freelancers to implement your application development projects and join the social network of traders Visit the community of traders at www mgl5 com Installation successfully completed Click the Finish button to exit C7 Traders Singapore Pte Ltd Cancel 9 Once Metatrader 4 has been installed click the Launch C 7 Traders Club MetaTrader 4 box Then press the Finish button 10 First time C 7 Traders Club users will be prompted to fill in the application form to open a demo account You must click the 1 agree to subscribe into your newsletters box in order to launch the program Then click the Next button Personal details To open an account please fill out all the following fields Aadress Phone Erai Account Type rec Leverage Deposit 100000 v V agree to subscribe to your newsletters 1 Use the default server and click Next Fo C7TradersClub Capital 7 C7 Traders Singapore Pte Ltd add new broker like BrokerName or address mt company com 443 I2 You will see your login and password to trade on the demo account Click Finish to gain access to your demo acco
6. CONTENTS Installation Market Watch Line Bar And Candlestick Charts Chart Periods Chart Properties Open A Position Instant Execution and Pending Order Close A Position Stop Loss Take Profit and Trailing Stop Pending Orders Modify Or Delete Orders Here is a picture of what the MT4 main screen looks like He Vew Chota Tock Vnde ee Ee i e uw E k 3 5 ig Vurket Watch beat a Sybe ia Au BEDO 15208 132 6 L1427 LAT EA gt SUDCHEF Orie amia 3k MUDD 119157 105388 OTM CHFIPT LTD EURAUD runcan LAST LATHA EURTEN 2 79116 2 79153 1 EURO TAETIE TALAI CADI 32 550 enn Eme eem inda Ter RS 3 a Y ET aes 140640 x a tats t mii b utu EB ir DIE ide EXIT e la d iiem 05 max eint E i yi Cedo Time Tyra it Por ma Frxr Commi Wap Ame Fi hame 5 008 DO USD baih SL Free maesin 5 000000 aw B Trade Epere Mews Mets Malos Madet bgem r Main menu access to the program menu and settings Toolbars quick access to the program features and settings Market Watch window real time quotes for the specified instruments Navigator window quick access to all your accounts
7. Tools gt New order menu sequence or right click on the chart window and select Trading gt New Order from the context menu or double click on the currency pair in the Market Watch window 23 Then choose the Pending order item from the drop down The following options may be changed in this window as well Symbol a currency pair Volume transaction size in lots Stop Loss Stop Loss order level which will be activated once the pending order has been executed Take Profit Take Profit order level which will be activated once the pending order has been executed Comment your comments for the pending order Type the type of pending order Buy Stop Buy Limit Sell Stop Sell Limit At price pending order level Expiry if the box has not been checked the order is valid up to the time when you cancel it or when it is executed If the box is checked the order is valid up to the moment specified in the box Once the Place order button is pressed it appears in the Trade tab of the Terminal window 24 In order to modify or delete a pending order highlight it in the Terminal window then right click to produce the context menu New Order Close Order Modify or Delete Order Trailing Stop Profit E Comments Grid Select the Modify or Delete Order menu item Press the Modify button or the Delete button depending on your choice in the dialog window
8. any element on the chart Properties of USDCHF M30 Colors Common Color scheme Black On White v Background Foreground Black Grid Silver 1 1951 M 1 1935 Bar Down MM Black gt Bull candle l Green Bear candle Red m Line graph gi Black l 1 1875 Volumes Green lta li II nint iin His 1 in 02 36 Stop levels Bil OrangeRed em USDCHF M30 1 1351 1 1353 1 1948 1 1351 1 1375 A What Other settings can be changed in the Common tab Properties of USDCHF M30 Colors Common IT omena Chart on foreground Chart shift v Chart autoscroll v Show OHLC Show Ask line Show period separators v Show grid Scale fix One to Scale fix 12310 Fixed mavimum Shox wires 12540 Fired minimum ok Cancel Please note the following options Offline chart the chart is not being updated by new quotes Once you open the chart offline File gt Open offline this option becomes automatic Chart shift allows you to shift the chart from the right edge of the window to see the mostrecent candle forming You can also press the 18 button on the Charts toolbar or use the Charts gt Chart shift menu sequence Chart autoscroll autoscrolls to the left once a new quote is received You can also press the button on the Char
9. indicators expert advisors Chart window Terminal window quick access to the trading and account history list of open positions and placed orders client terminal log file and internal mailbox Download the MetaTrader4 platform from the C 7 Traders website www c traders com Launch the Metatrader exe file the same way you launch any Windows program It s best if you select to save to disk 2 Scroll down the list to select the setup language Then press the Next button C7 Traders Singapore Pte Ltd Welcome to C7 Traders Club MT4 Setup The dient terminal is designed for performing trade operations in different financial markets The terminal also offers wide analytical possibilities and supports various tools for conducting technical analysis Program contains all the necessary tools for developing testing and running programs for automated trading Expert Advisors These programs are written in the built in language using which you can also create custom indicators and scripts Unauthorized reproduction or distribution en ee crore oss E A E maximum extent possible under law C7 Traders Singapore Pte Ltd Back Cancel 4 1 the next window check the Yes box if you agree with the terms of the license agreement Then press the Next button C Please read carefully the terms and conditions of this Agreement This Agreement uses some of the definiti
10. 4 the following time periods can be used 1 5 15 30 minutes M5 MI 5 M30 respectively hour 4 hours H4 day DI week WI and month MN In order to change a time period use the Periodicity toolbar 7 Right click anywhere on the chart to produce the context menu to get access to the chart settings Trading Expert Advisors Indicators List 1 Minute M1 5 Minutes 5 15 Minutes M15 30 Minutes M30 1 Hour H1 4 Hours H4 Daily D1 Zoom In Weekly w1 PNE Monthly MN Save As Picture Print Preview Print Properties Choose Periodicity and select a time period from the drop down menu or press the button on the Charts toolbar Select Refresh item if an error occurs or if there are so called gaps on the chart All missing data will be uploaded from the server and will appear on the chart Select Grid if you wish to hide unhide gridlines on the chart Select Volumes in order to show hide tick volume the number of quotes of any period time Zoom in Zoom out will help you to modify chart measures You can also use the buttons on the Charts toolbar or press the and buttons Save as picture will save the chart as the gif or bmp file Properties or the F8 button enables the window where you can change chart settings by selecting the Color tab you can change the color of
11. ght the trade in the Trade tab of the Terminal window and right click to obtain the context menu New Order F8 52 Close Order Modify or Delete Order Trailing Stop gt Profit Commissions Taxes Comments Auto Arange Grid G then select Close order Double clicking on the open position in the Trade tab of the Terminal window will have the same result The Order window appears and you click the Yellow Close bar Order 2748236 sell 0 10 lot AUDUSD at 0 7508 sl 0 7640 tp 0 0000 Place Modify delete Stop Loss amp Take Profit Orders Stop Loss an order to close a previously opened position at a price less profitable for the Customer than the price at the time of placing the order Take Profit an order to close a previously opened position at a price more profitable for the Customer than the price at the time of placing the order If you place these types of orders you do not have to sit in front of your computer to wait for the outcome 19 e Take Profit and Stop Loss orders will be executed automatically as soon as the price reaches the order level see below You can place Stop Loss and Take Profit at the time of making a deal filling in the Stop Loss and Take Profit fields in the Order window Order 2855555 sell 0 10 lot EURUSD at 1 2101 sl 0 0000 tp 0 0000 Afterwards in order to modify Stop Loss and Take Profit levels use the context menu New O
12. next session Candlesticks have different configurations compared to bar charts The rectangular part of the candlestick line is called the real body The thin vertical lines above and below the body are called shadows They show lows and highs within a specified period of time Depending on the closing and opening prices the real body can be white empty or black When the body is white the closing price is higher than the opening level When the body is black the closing price is lower than the opening level In order to create a candle chart press the amp button on the Charts toolbar or press the Alt 2 keys simultaneously or use the Charts gt Candlesticks menu sequence In MetaTrader 4 both the bar and candle high is the highest Bid price for the defined period the low is the lowest Bid price the closing price is the last quoted Bid the opening price is the first quoted Bid In order to create a new chart for any instrument right click on the Market Watch window then select the Chart window item from the context menu Market Watch 09 31 39 gc ndNuas o nnn rl 1 5 s jn S Space By left clicking the mouse you can drag and drop any selected currency pair into any open chart window Chart period the period displayed in one bar or candle For example if you create a 15 minute bar chart then each bar will have the price data for the relevant 15 minutes In MetaTrader
13. ons set out in paragraph 1 below METAQUOTES SOFTWARE CORP Trading Terminal End User License Agreement This Agreement and any new versions between MetaQuotes Software Corp and You covers all Your use of Trading Terminal from any computers where Trading Terminal has been installed by You or by third parties You can accept this Agreement by dicking on the Next button or Accept button or similar buttons or links as may be designated by MetaQuotes Software Corp Your agreement with MetaQuotes Software Corp may also include the Additional Terms as defined below The Additional Terms shall include but are not limited to the terms and policies set out in the current Agreement V Yes I agree with all terms of this license agreement C7 Traders Singapore Pte Ltd Select the destination folder where you want to install C7 Traders Club MT4 To install to a different location click Browse and select another folder Select the Start Menu program group in which you would like Setup to create the shortcuts Program group C7 Traders Club MT4 Create a desktop shortcut Open MQL5 community website Launch program after successful installation C7 Traders Singapore Pte Ltd 6 Then use the default program group for C 7 Traders Club and press the Next Button button Advanced ZIP Password Recovery C7 Traders Singapore Pte Ltd 8 Installation is in process Installation progress
14. rder a Close Order Modify or Delete Order Trailing Stop Right click on the open position or on the pending order in the Trade tab of the Terminal window then select Modify or delete order The Modify order window enables 20 Order 2855555 sell 0 10 lot EURUSD at 1 2101 sk 0 0000 tp 0 0000 Fill in the Stop Loss and Take profit fields By pressing the red button in our example 1 2121 you can copy this level into the Stop Loss field By pressing the blue button in our example 1 2096 you can copy this level in the Take profit field The value in the Level field defines the difference between the order level and the current price Once you fill in the Stop Loss or and Take profit fields press the red Modify position number button In order to delete Stop Loss or Take profit orders specify its level as equal to zero Trailing Stop is an algorithm to manage Stop Loss orders Once a trailing stop has been placed for example trailing stop s value is 15 pips the following occurs No Stop Loss order will be placed until the open position is in a profit of at least 15 pips Meta Trader 4 then sends an instruction to place the Stop Loss order 15 pips higher or lower than the current price Subsequently each time the difference between the current price and the order level exceeds 5 pips MetaTrader 4 sends the instruction to modify the Stop Loss order to
15. re not used if you have open positions or charts its symbols will not be deleted Space Show All displays all available symbols in the Market Watch window Symbols enables the window where you can hide show the selected instruments Sets saves adjusts deletes the custom settings for the Market Watch window High Low shows hides columns with the highest and lowest prices for each instrument Time displays a column with the arrival time of the latest quote for each instrument Grid hides unhides gridlines in the Market Watch window Popup Prices opens the popup window which contains real time quotes for your selected instruments c In MetaTrader 4 you can see as many real time charts as you wish all on one screen for any currency pair and for any time period The following types of charts are available in MetaTrader 4 Line Chart Chart x axis is for the different time periods minutes hours days months etc and y axis is for the price The point on the chart shows the close price for the period i e the bid of the last quote for this period All the sequential points are joined by lines i USDJPY Weekly USDIPY Weekly 117 90 118 05 117 57 117 97 11 Aug 2002 23Mar2003 zow 2003 13Jun 2004 23 Jan 2005 4 Sep 2005 It is recommended that this chart type is used only for the short time periods up to 5 minutes In order to change the chart to a line chart press the
16. ts toolbar or use the Charts gt Autoscroll menu sequence If you are viewing the chart back a few days and the autoscroll button is depressed it will automatically take you to the most recent candle forming on the next tick of the price Open a position In order to enable the Order window right click on the Market Watch window or on the Trade tab of the Terminal window and select New order from the context menu or press the F9 button or use the Tools gt New order menu sequence or right click on the chart window and select Trading gt New Order from the context menu or double click on the currency pair in the Market Watch window The Order window 7 In MetaTrader 4 there are two ways of making deals Instant Execution and Pending Order Instant Execution means you do not have to request quotes and you will enter the market immediately Once you have decided to buy or sell at the current price press the Buy or Sell buttons to open a long or short position Before you enter the market you can change the details in the Order window Symbol a currency pair Volume number of lots Stop Loss the level of Stop Loss order Take Profit the level of Take Profit order Comment any notes that will show up in your report The new position will now be listed in the Trade tab of the Terminal window Close a position In order to close a position highli
17. unt Select account type To start working an account is required To start working you need a valid trade account If you dont have it you can create a demo or real account by selecting the corresponding option below and pressing Next Existing trade account Login Password v Save password Server C7TradersClub Capital 7 New demo account New real account Note that if your demo account is inactive for 90 days it is automatically deleted by the server 3 Your demo account platform will start up and display the following window Click Start to update your platform C7 Traders Singapore Pte Ltd Then click Update and Restart to restart your platform The Market Watch Window The Market Watch window can be activated by pressing the Ctrl M key combination or by using the View gt Market Watch menu sequence or by clicking the E button from the Standard toolbar ard Wo Eb Fahy Right click the mouse button on the Market Watch window to produce the context menu New Order enables the window to open close a position or to place a new pending order Chart Window enables the chart of a currency pair or CFD Tick Chart shows the tick chart for the selected instrument Hide deletes the specified symbol from the list in the Market Watch window Hide deletes all symbols from the list in the Market Watch window which a
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